First Premier Bank Mastercard Unaffiliated

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First Premier Bank is not affiliated with SuperMoney. All products, logos, and company names are trademarks™ or registered® trademarks of their respective holders. Their use does not signify or suggest the endorsement, affiliation, or sponsorship, of or by SuperMoney or them of us.

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Who is First Premier Bank Master Card Designed For?

First Premier Bank Master Card, which used to be called the First Premier Bank Gold Credit Card, is designed for people with really bad or no credit who are very interested in building their credit history and are willing to pay for the privilege. The high rates and outrageous fees will be a turn off for many consumers, but this is one of the few unsecured cards practically anybody can qualify for, regardless of their credit score. However, the initial credit limit is low: just $300.

What are the Rates for First Premier Bank Master Card?

- The First Premier Bank Master Card charges a flat 36% APR to all customers for purchases and cash advances, regardless of their credit rating. This gives you an idea of the bank's target audience. There is no option for balance transfers, not that there are many credit cards with higher rates.

What Are the Fees for First Premier Bank Master Card Credit Card?

- First Premier Bank Master Card has a $75 annual fee and a one-time $95 processing fee for new customers. There is also an additional monthly servicing fee of $6.25, which amounts to $75 a year that comes into effect during the second year. Cash advances have a 5% fee (minimum of $6) and there is a 3% foreign transaction fee. Late payments incur a $37 fee and returned payments come with a $35 fee. Additional credit cards require the payment of a $29 fee.

First Premier Bank also charges a credit limit increase fee when it approves a customer for a larger line of credit. This increase can occur as soon as the account has been opened for 13 months. This fee is charged automatically without the express authorization of the member. However, you can request a refund of the fee, if you apply within 30 days of the fee being charged. Of course, this will result in the credit limit increase being cancelled.

What Is First Premier Bank Master Card's Rewards Program Like?

The First Premier Bank Master Card doesn't have a rewards program. The only purpose of this card is to provide the convenience of a having a credit card and to help people build their credit history.

What about First Premier Bank Master Card's Signup Bonus?

Instead of providing a bonus, First Premier Bank Master Card charges a $95 processing fee to new customers.

Does First Premier Bank Master Card Have Any Other Benefits?

No.

How Is First Premier Bank Master Card Better Than Other Credit Cards?

First Premier Bank Master Card has extremely flexible eligibility requirements, which makes it a useful tool for people trying to rebuild their credit. However, this comes at a price: $150 to $170 a year to be exact; plus the credit limit increase fee, which amounts to 25% of the credit limit increase.

Bank Account Required?

Credit Score Range

560 - 700

Employment Statuses Considered

Employed Full-Time

Employed Part-Time

Other

Retired

Self-Employed

Unemployed

Immigration Status Considered

U.S. Citizen

U.S. Permanent Resident

Military Status

Active Duty Military

Military Dependent

Non-Military

Veterans

Minimum Age

18

Supported Income Types

1099 Misc. Income

Cash / Other

Direct Deposit (W2, SSA, SSDI)

Payroll Check or Prepaid Card

Customer Type

Personal

Annual Fee

$150

Grace Period / Deferred Interest

27

Initial Processing Fee

$95

Late Payment Penalty

$37

Minimum Interest Charge

$1

Returned Payment Fee

$35

Foreign Currency Transaction Fee

3%

Card Network

Mastercard

Purchases APR (variable)

Starting at 36%

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